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Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a ...

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Firm cancels application to build $3.3B natural gas pipeline

ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a $3.3 billion natural gas pipeline and a network of compressor stations. The 420-mile Northeast Energy Direct pipeline was intended to send natural gas from Pennsylvania’s shale gas fields across upstate New York to New England. The company announced last month that it ...

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Exxon, Chevron shareholders reject climate resolutions

Exxon annual meeting

DALLAS (AP) — Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect ...

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The highest-paid CEOs by state

Rex Tillerson

Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered public companies with at least $1 billion in revenue that filed proxy statements with federal regulators on or before April 30, 2016. It includes CEOs who were newly hired, who often receive large grants as incentives. ...

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Anaheim police: Anti-Trump violence will not be tolerated

Trump protest

ANAHEIM, Calif. (AP) — Police in California issued a firm warning to protesters Wednesday that violence would not be tolerated ahead of Donald Trump’s scheduled rally following clashes between anti-Trump protesters and police in New Mexico a day earlier. “While we recognize and respect the First Amendment rights of all individuals to express their viewpoints and protest peacefully, we will ...

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Exxon, facing heat over climate change, holds annual meeting

Exxon Mobil

DALLAS (AP) — Exxon Mobil is holding its annual shareholder meeting as it faces volatile crude prices and investigations into what it knew and allegedly didn’t disclose about oil’s role in climate change. Shareholders are scheduled to vote Wednesday on resolutions including a policy to limit global warming, put a climate expert on the board, and report on the drilling ...

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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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